ICMUX: Intrepid Income Institutional

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ICMUX Intrepid Income Institutional


Profile

ICMUX - Profile

Vitals

  • YTD Return 0.2%
  • 3 Yr Annualized Return -0.4%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $64.9 M
  • Holdings in Top 10 35.5%

52 WEEK LOW AND HIGH

$9.21
$9.15
$9.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.09%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 104.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $2,500
  • IRA $2,500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.32%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Intrepid Income Fund
  • Fund Family Name
    Intrepid Funds
  • Inception Date
    Jul 02, 2007
  • Shares Outstanding
    7058772
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark Travis

Fund Description

The fund primarily invests in a diversified portfolio of fixed-income securities. Its fixed income securities will consist principally of high-yield corporate debt securities, bank debt (including loan assignments and participations), convertible debt, and U.S. government securities. The fund's investments in debt instruments will not be limited in duration, but typically will be in securities having a duration of two to six years at the time of purchase.


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Categories

Performance

ICMUX - Performance

Return Ranking - Trailing

Period ICMUX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -2.4% 7.4% 88.39%
1 Yr -0.2% -36.6% 178.8% 96.58%
3 Yr -0.4%* -34.5% 40.7% 90.24%
5 Yr -0.1%* -34.3% 20.1% 48.98%
10 Yr N/A* -3.6% 4.4% N/A

* Annualized

Return Ranking - Calendar

Period ICMUX Return Category Return Low Category Return High Rank in Category (%)
2019 1.2% -35.1% 177.6% 93.93%
2018 -2.5% -48.0% 0.8% 9.35%
2017 0.9% -14.8% 11.2% 80.34%
2016 5.1% -11.2% 19.1% 22.86%
2015 -4.6% -51.1% 4.0% 26.14%

Total Return Ranking - Trailing

Period ICMUX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -2.4% 7.4% 88.39%
1 Yr -0.2% -36.6% 178.8% 96.58%
3 Yr 1.6%* -34.5% 40.7% 41.41%
5 Yr 2.4%* -34.3% 22.2% 22.45%
10 Yr N/A* -3.6% 6.1% N/A

* Annualized

Total Return Ranking - Calendar

Period ICMUX Return Category Return Low Category Return High Rank in Category (%)
2019 1.2% -35.1% 177.6% 94.22%
2018 0.5% -48.0% 4.8% 4.98%
2017 3.8% -14.8% 14.0% 45.76%
2016 8.4% -11.2% 22.5% 12.86%
2015 -1.3% -51.1% 4.0% 10.79%

NAV & Total Return History


Holdings

ICMUX - Holdings

Concentration Analysis

ICMUX Category Low Category High ICMUX % Rank
Net Assets 64.9 M 100 K 136 B 81.82%
Number of Holdings 52 6 7570 89.26%
Net Assets in Top 10 21 M -42.1 B 6.16 B 70.25%
Weighting of Top 10 35.52% 5.4% 410.5% 37.74%

Top 10 Holdings

  1. Dollar Tree Inc 3% 4.58%
  2. EXPEDIA GROUP INC 5.95% 3.99%
  3. Actuant Corporation 5.63% 3.99%
  4. General Motors Company 3.03% 3.72%
  5. Echo Global Logistics, Inc. 2.5% 3.57%
  6. Ingles Markets, Incorporated 5.75% 3.26%
  7. Caleres Inc 6.25% 3.22%
  8. IFM (US) Colonial Pipeline 2, LLC 6.45% 3.14%
  9. Block Financial Llc 4.13% 3.11%
  10. Choice Hotels International, Inc. 5.7% 2.93%

Asset Allocation

Weighting Return Low Return High ICMUX % Rank
Bonds
87.30% 31.46% 195.17% 73.15%
Convertible Bonds
9.23% 0.00% 11.31% 2.20%
Cash
3.47% -102.73% 49.23% 67.22%
Stocks
0.00% -9.73% 22.96% 85.75%
Preferred Stocks
0.00% 0.00% 54.19% 92.84%
Other
0.00% -32.79% 31.21% 82.64%

Bond Sector Breakdown

Weighting Return Low Return High ICMUX % Rank
Corporate
93.68% 0.00% 93.68% 0.28%
Cash & Equivalents
3.47% 0.62% 48.65% 82.09%
Securitized
2.84% 0.00% 98.77% 89.53%
Derivative
0.00% -1.18% 43.87% 84.02%
Municipal
0.00% 0.00% 36.31% 90.36%
Government
0.00% 0.00% 99.36% 98.35%

Bond Geographic Breakdown

Weighting Return Low Return High ICMUX % Rank
US
80.40% 14.50% 194.76% 28.93%
Non US
6.90% -6.50% 74.05% 80.72%

Expenses

ICMUX - Expenses

Operational Fees

ICMUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.06% 4.60% 56.43%
Management Fee 0.75% 0.00% 2.25% 79.21%
12b-1 Fee N/A 0.00% 1.00% 17.67%
Administrative Fee N/A 0.01% 0.50% 24.05%

Sales Fees

ICMUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ICMUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 50.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ICMUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 104.00% 2.00% 899.00% 69.86%

Distributions

ICMUX - Distributions

Dividend Yield Analysis

ICMUX Category Low Category High ICMUX % Rank
Dividend Yield 0.81% 0.00% 5.97% 32.55%

Dividend Distribution Analysis

ICMUX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

ICMUX Category Low Category High ICMUX % Rank
Net Income Ratio 3.32% 0.87% 10.10% 72.91%

Capital Gain Distribution Analysis

ICMUX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

ICMUX - Fund Manager Analysis

Managers

Mark Travis


Start Date

Tenure

Tenure Rank

Nov 13, 2018

1.22

1.2%

Mr. Travis, Portfolio Manager, is a founder and has been the President of Intrepid Capital Management, Inc. since 1994. Prior to founding the firm, Mr. Travis was Vice President of the Consulting Group of Smith Barney and its predecessor firms for ten years. Mr. Travis holds a BA in Economics from the University of Georgia.

Hunter Hayes


Start Date

Tenure

Tenure Rank

Jan 28, 2019

1.01

1.0%

Mr. Hayes joined the Adviser in 2017 and was named a Vice President of the Adviser in 2018. He primarily focuses on high yield fixed income investments and was previously a research analyst covering small-cap equity securities. Prior to joining the Adviser, Mr. Hayes was a high yield investment analyst for Eaton Vance from 2015-2017, and a business valuation associate for Deloitte from 2014-2015. He graduated Highest Honors from Auburn University in 2014 with a BSBA in Finance and a BM in Piano Performance.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.73 5.49 3.59